Energy Efficiency Clauses in Charter Party Agreements: Legal and Economic Perspectives and their Application to Ocean Grain Transport (Springer Series ... Engineering, Shipbuilding and Shipping, 3)

"This book provides practical solutions for addressing energy efficiency as a clause term within a charter party contract. For this, upon a reflection of the regulatory craft, it analyzes key concepts of case law, and discusses them together with commercial and economic principles. In this way, the book aims at offering a comprehensive, interdisciplinary view of the chartering process, together with a new approach for safeguarding energy efficiency investments. A special emphasis is given to the maritime industry. Here, the newly developed framework, based on game theory, has been successfully applied to demonstrate the importance of including a clause term in contract negotiation to achieve protection against both an uncertain market and an even more challenging shipping environment. The book not only fills a gap in the literature, covering a topic that has been largely neglected to date, yet it offers researchers and practitioners extensive information to change the chartering process radically"--Back cover Front Matter....Pages i-xxxvii Front Matter....Pages 1-1 Introduction....Pages 3-9 Front Matter....Pages 11-11 Literature Review....Pages 13-21 Methodology....Pages 23-29 Analysis and Findings....Pages 31-45 Front Matter....Pages 47-47 Chartering Negotiations for Energy Efficiency....Pages 49-64 Application—Ocean Grain Transportation....Pages 65-100 Front Matter....Pages 101-101 Conclusions, Limitations and Recommendations....Pages 103-109 Back Matter....Pages 111-175